Jan. 11 (Reuters) – Venture capital firm Kleiner Perkins said on Tuesday it had raised $ 1.8 billion through two new funds, joining a group of companies raising capital amid skyrocketing valuations of tech startups .
A total of 38,644 venture capital deals were completed worldwide last year, for a total volume of $ 671 billion, higher than any other year on record, according to PitchBook data.
The company has raised $ 800 million and $ 1 billion for funds named KP20 and Select2, to invest in early stage startups in industries such as consumer, fintech, and healthcare. The company is also looking to leverage more cryptocurrency investments.
Its fundraising follows that of Silicon Valley-based venture capital giant Andreessen Horowitz, which raised $ 9 billion through three new funds last week.
Kleiner Perkins said he has raised 20 early stage venture capital funds since its inception in 1972. Over the past five decades, he has invested in some of the most notable technology companies including Alphabet Inc, Amazon.com Inc, Twitter Inc and Uber. Technologies inc.
A series of portfolio companies listed on the New York Stock Exchange last year, including the language learning app Duolingo Inc and the online education platform Coursera Inc, reached valuations of over $ 5 billion each.
(Reporting by Sohini Podder and Manya Saini in Bangalore; Editing by Amy Caren Daniel)